Open Thoughts on Analytics
MAR 14, 2013 10:35am ET

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Big Data Caveats, Front and Center

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I guess I shouldn’t have been surprised by Nassim Nicholas Taleb’s recent Wired article “Beware the Big Errors of ‘Big Data’.” Since 2004, the derivatives trader turned philosopher has published a trilogy of highly-entertaining and provocative books, “Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets,” “The Black Swan: The Impact of the Highly Improbable,” and “Antifragile: Things That Gain from Disorder,” on the perils of modeling and  prediction in today’s world.

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